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BMG Resources (ASX:BMG) - Chairman, Greg Hancock
Chairman, Greg Hancock
Source: Cobra Resources
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  • BMG Resources (BMG) has received all outstanding assay results from its recently completed drilling program at the Abercromby Gold Project in WA
  • All up, 13 holes were drilled to test the nature and continuity of the known mineralisation
  • Results have peaked at 21.22g/t gold and they have confirmed broad gold zones exist at the project
  • A major drilling program is in being planned to follow up on these results
  • Shares in BMG are down 6.25 per cent and are trading at 7.5 cents

BMG Resources (BMG) has received all outstanding assay results from its recently completed drilling program at the Abercromby Gold Project in WA.

This drilling program was the first to be undertaken at the project in more than 15 years and it was designed to test the nature and continuity of the known mineralisation.

All up, 13 holes were drilled with 635 metres of diamond drilling and 2246 metres of reverse circulation (RC) drilling.

An additional eight were planned, however, they were not completed due to time constraints. Pleasingly though they have been added to this year’s program.

Best results include 26 metres at 6.07g/t gold from 192 metres including seven metres at 21.22g/t gold from 192 metres, and 16 metres at 3.64g/t gold from 82 metres including three metres at 14.38g/t gold from 83 metres.

These results have confirmed broad gold zones exist at the project as well as identified two broad north-east trending mineralised zones.

Furthermore, mineralisation remains open in all directions with possible extensions to the north and depth.

“These drill results demonstrate the quality of the mineral system at Abercromby with intersections displaying width and grade that supports the presence of a significant volume of gold mineralisation,” Managing Director Bruce McCracken commented.

“These are great results from only a small drill program at a project that has been in our possession for less than six months,” he said.

“We look forward to launching a major drill program in 2021 to fully scope the significant gold potential at Abercromby,” he added.

A major drilling program is in being planned to follow up on these results.

Shares in BMG are down 6.25 per cent and are trading at 7.5 cents at 3:00 pm AEDT.

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